This is BTCUSD daily price analysis, provided by Mudrex (automated crypto investing platform). This analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
You can find price analysis from previous days on blog here and on Tradingview here.
Analysis Summary
Market in last 24hrs
- BTCUSD saw a sideways movement with the price riding the midline band
- Price volatility was very high. The market moved ~6.79%, between $19,340k and $18,109k
Today’s Trend analysis
- BTCUSD expected to see a downtrend as the price observed a midline retracement with local resistance and Bollinger band squeeze taking place
- Price at time of publishing: $19,018.01
- BTC’s market cap: $352 Billion
- Oscillator indicators are mostly neutral. RSI at 55
- Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
- Volume indicators observed a change from decreasing with a decline in price to an increase in volume as the price decrease
Price expected to see a continued uptrend as price observed higher lows with Bollinger band moving upward. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 66, in the neutral region above the midline. CCI at around 94, in the neutral region with a down move. Another interesting point to notice here is that the volume observed a change from decreasing with a decline in price to an increase in volume as the price decrease indicating a shift from buyers to sellers.
Oscillator indicators
Most of the oscillators are neutral. CCI at 8 in the neutral region. RSI with a value of around 55 in the neutral region above the midline.
Definition:- Oscillator indicators are based on the market’s property that what goes up must come down. Reversion to the mean is one of the most fundamental properties of any market. Oscillators are predictive in nature, specifying future price momentum.
| Sell | Neutral | Buy |
| 2 | 8 | 1 |
| Name | Value | Action |
| Relative Strength Index (14) | 55.32 | Neutral |
| Stochastic %K (14, 3, 3) | 50.32 | Neutral |
| Commodity Channel Index (20) | 8.48 | Neutral |
| Average Directional Index (14) | 17.93 | Neutral |
| Awesome Oscillator | 699.25 | Neutral |
| Momentum (10) | −447.75 | Sell |
| MACD Level (12, 26) | 258.83 | Sell |
| Stochastic RSI Fast (3, 3, 14, 14) | 21.95 | Neutral |
| Williams Percent Range (14) | −50.97 | Neutral |
| Bull Bear Power | 1.03 | Buy |
| Ultimate Oscillator (7, 14, 28) | 56.46 | Neutral |
Moving Average Indicators
Moving average (MA) indicators are indicating an uptrend. Ichimoku Cloud is neutral and Hull MA is indicating a selling opportunity.
Definition:- Moving Average indicators are lagging indicators that help catch trends when they are beginning to take effect. The idea is to buy when the trend is moving up and sell when the trend is falling.
| Sell | Neutral | Buy |
| 5 | 1 | 11 |
| Name | Value | Action |
| Exponential Moving Average (5) | 18997.39 | Sell |
| Simple Moving Average (5) | 18956.4 | Buy |
| Exponential Moving Average (10) | 19002.23 | Sell |
| Simple Moving Average (10) | 19089.19 | Sell |
| Exponential Moving Average (20) | 18829.82 | Buy |
| Simple Moving Average (20) | 18941.45 | Buy |
| Exponential Moving Average (30) | 18658.41 | Buy |
| Simple Moving Average (30) | 18469.43 | Buy |
| Exponential Moving Average (50) | 18424.22 | Buy |
| Simple Moving Average (50) | 18266.33 | Buy |
| Exponential Moving Average (100) | 17871.32 | Buy |
| Simple Moving Average (100) | 18131.74 | Buy |
| Exponential Moving Average (200) | 16682.06 | Buy |
| Simple Moving Average (200) | 16553.4 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 18498.15 | Neutral |
| Volume Weighted Moving Average (20) | 19099.64 | Sell |
| Hull Moving Average (9) | 18996.18 | Sell |
Trade volume
In the recent few candles, the volume observed a change from decreasing with a decline in price to an increase in volume as the price decrease. The total traded volume is between 2.05k and 11.92k. The 20-candle moving average saw an increase from 3.47k to 3.82k.
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